EUROPE HRC: Trading activity remains slow; buyers, mills hold back from trading

Market activity was limited in the European hot-rolled coil segment on Tuesday September 14 because mills and buyers took a break from trading, sources told Fastmarkets.

Sentiment among buyers remained poor due to reduced demand from the automotive sector and cheap import material booked earlier this year that has now arrived in the European Union. New import offers have also been competitive, but buyers have been concerned that HRC imports from India, Turkey and Russia might be subject to safeguard duties of up to 25% upon arrival.

The...

Published

Maria Tanatar

September 14, 2021

15:03 GMT

London